Monetary Policy
Kashkari says research criticism is new threat to Fed independence
Minneapolis Fed chief says comments by NEC director are continuation of pressure on monetary policy
Bank Indonesia holds rates again to defend currency
Weak rupiah to delay rate cuts as ratings downgrade weighs on investor appetite, analyst says
FOMC minutes show sharp division in projections
Some members argue rates may need to be raised while others make case for easing
Barr: US labour market ‘especially vulnerable to negative shocks’
Fed governor says FOMC likely to continue holding rates for the time being
RBNZ holds rates at 2.25% in new governor’s first meeting
Analysts expect central bank to maintain accommodative policy for some time
Russia has limited room for manoeuvre on policy – experts
Rate cut reflects nervousness rather than confidence about inflation and growth trajectory, say analysts
ECB to offer repo line access to almost all central banks
Euro liquidity ‘granted by default’ unless breaching AML/CFT rules or sanctions, says Lagarde
QT ‘crucial’ if ECB is to tackle future crises, says Nagel
Bundesbank president says dollarisation by way of stablecoins could weaken European sovereignty
Egypt cuts rates by 100bp and lowers reserve requirements
Central bank continues to reverse tight monetary policy stance as inflation gradually declines
Russia eases by 50bp despite inflation risk
Central bank says pro-inflationary threats are still greater than disinflationary ones
Central bank independence ‘a means to an end’ – Miran
Fed governor says autonomy increases chances of monetary policy being aligned with business cycle
Zambia cuts rates by 75bp to 13.5%
Inflation expected to fall to within target range by next quarter, central bank governor says
RBI keeps policy steady
Policy committee takes positive view of inflation and growth outlook, despite some external headwinds
Cook links stubbornly high US goods prices to Trump’s tariffs
Fed governor, still fighting attempted dismissal, laments stalling of progress on tackling inflation
Czech National Bank holds rates
Sub-2% inflation does not warrant policy loosening, central bank says
ECB holds rates again, despite below-target inflation
Lagarde says bank will not be forced into precipitate easing by January’s 1.7% figure
Full ‘postmortem’ on QE yet to be written – Klaas Knot
Former DNB governor expects Fed to continue international monetary diplomacy under Warsh
Lenders use strict covenants to hedge against rate hikes – study
US banks exposed to policy volatility use breaches to cut lending in tightening cycles, authors say
BoE holds rates at 3.75% in yet another close decision
Good progress on disinflation and weak labour market open door for cut in March
Eurozone banks unexpectedly tightened lending – ECB survey
Respondents suggest tariffs were partly to blame for reduction in available credit for businesses
RBA tightens policy, citing higher-than-expected inflation
Australia’s first rate hike since late 2023 had been expected by economists
Colombia shocks markets with 100bp rates hike
First tightening in nearly three years comes after government announces 23% rise in minimum wage
‘Pricing cascades’ crucial to post-Covid inflation – study
ECB researchers say speed and interdependencies were key components to shock
BCRA resumes publishing quarterly monetary policy report
Argentinian central bank continues comms reforms with 71-page analysis of economic development